LTC looking like it`s about to blow out into a 3rd wave after the correction! So far, this potential wave 2 retraced 61.8% of wave 1; however, I still think we have one more leg down before moving to the first target at $284.
I think there is a very good probability that LTC will hit this $285 mark. We need a little bit more data to see if it will reach the $400 mark since this could just be a 3 wave correction, then a further downtrend.
Ladder Entries:
$170
$155
$145
Average price of entry = $157
Stop Loss = $135
TP1 = $280
TP2 = $390
I think there is a very good probability that LTC will hit this $285 mark. We need a little bit more data to see if it will reach the $400 mark since this could just be a 3 wave correction, then a further downtrend.
Ladder Entries:
$170
$155
$145
Average price of entry = $157
Stop Loss = $135
TP1 = $280
TP2 = $390
評論:
We got down to that last zone to complete the 5th, however, we ended up turning over and forming a more complex correction
